West Red Lake Gold Mines Ltd V.WRLG

Alternate Symbol(s): WRLGF | WLGMF | V.WRLG.WT | V.WRLG.WT.A | V.WRLG.NT.U

Metals & Mining Gold

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (Km2) land package in the Red Lake district of Ontario. The Company’s project also includes West Red Lake Project, which is situated on the Red Lake Archean Greenstone Belt, which hosts the high-grade gold mines of the Red Lake Gold District. The Company’s West Red Lake Project has approximately 3100-hectare property encompassing three former gold mines, including Rowan Mine, Red Summit Mine and Mount Jamie Mine. The Rowan Mine Property is comprised of approximately 119 claims. The Mount Jamie Mine Property is 100% owned and consists of approximately 26 claims. The Red Summit Mine Property consists of over two 100% owned patented claims situated within the Rowan Mine property. The NT Zone is located on the Rowan Mine Property portion of the West Red Lake Project.

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West Red Lake Gold Mines Ltd

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Post by 1StockInformeron Sep 04, 2024 7:30pm

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Post# 36209011

WRLG.v Provides Madsen Gold Mine Restart Update Today

Today, West Red Lake Gold Mines Ltd. (Ticker: WRLG.v or WRLGF for U.S. investors) released an update on its progress towards the planned 2025 restart of the Madsen Mine. Since acquiring the Madsen Mine, the company has completed a thorough operational assessment and is now focused on optimizing both surface and underground upgrades.

Key Updates:

Definition Drilling: Since October 2023, West Red Lake Gold has conducted over 40,000 meters of definition drilling in the project's Austin, South Austin, and McVeigh areas. This drilling is crucial for developing an accurate geological model that will mitigate risks and guide the mine's operational plans.
Tailings Storage Facility Expansion: A project to raise the tailings dam by 4 meters, critical for extending operational capacity for 10 years, is 60% complete and tracking ahead of schedule.
Connection Drift: Work began in August to drive a 1,200-meter haulage drift connecting the East and West ramps, which is now 5% complete and expected to finish by February 2025. This project aims to reduce inefficiencies in material movement.
Mine Dewatering: The company has successfully lowered water levels in the mine, essential for accessing deeper mineralization. Recent installation of evaporator fans will help maintain these efforts.
Primary Crusher Procurement: A primary jaw crusher has been ordered and is set for delivery in October. The electric primary jaw crusher is capable of reducing rock from a feed size of 19.6 inches down to 4 inches or smaller. It can handle up to 145 tonnes of rock per hour, while the mill at the Madsen Mine has a capacity of processing 800 tonnes per day.
Workforce Accommodations: The company has secured accommodations for 114 employees and will have these facilities ready by February 2025, enhancing the site's infrastructure.
Leadership Additions: West Red Lake Gold has hired experienced personnel, including David Towle as Mill Manager and Gavin Clow as Chief Engineer, to lead critical operational areas.